Ann: Quarterly Activities Report and Appendix 5B, page-47

Aren't the company spruiking about ramping up to 300koz over 5 years?, I remember many years ago they said exactly the same thing.
In the recent quarterly they made this statement:
"Confirmed the initial mining area remains the CO3 Queen West, Probable Mineral
Reserve of 113,316 tonnes at 27.95g/t containing 101,843 ounces. (See ASX
announcement dated 21 May 2012 Mineral Resources and Reserves report)."

There is no mention of how long they expect it to take to actually extract the 101,843 ozs or what the cost will be!!

I guess if you are in your twenties or thirties you may have sufficient time up your sleeve to see the dream come true or not !!



DYOR My thoughts and ramblings only
Caveat Emptor